Ocean Power Technologies, Inc. · AMEX:OPTT
Ocean Power Technologies — Investor Presentation (October 2018)
32 slides from Ocean Power Technologies's investor presentation, Oct 31, 2018
Slide 1: Ocean Power Technologies, Inc. Investor Presentation
Ocean Power Technologies, Inc. Investor Presentation “ne November 2018 OCEAN POWER TECHNOLOGIES
Slide 2: Forward Looking Statements
INVESTOR PRESENTATION NOVEMBER | 2018 Forward Looking Statements In addition to historical information, this presentation contains forward-looking statements that are within the safe igation Reform Act of 1995. Forward-looking statements are identified words or phrases such as "may", "wi ikely resul
Slide 3: About Ocean Power Technologies
About Ocean Power Technologies
Slide 4: Ocean Power Technologies... Who We Are
INVESTOR PRESENTATION NOVEMBER | 2018 Ocean Power Technologies... Who We Are “OPT is a manufacturer of distributed offshore power equipment. We provide reliable and economical power and communications for remote topside and subsea applications.” OPT Target Markets Offshore Oil & Gas Defense & Securi
Slide 5: Ocean Power Technologies... Quick Facts
ou: Ocean Power Technologies... Quick Facts * NASDAQ: OPTT * Market Cap: < $15M* * TTM Revenue: >$300K* * Cash & Equivalents: $8.4M* * Organization: Over 40 employees including deep engineering capabilities + Intellectual Property: Proprietary technology with over 60 patents and several pending * He
Slide 6: Investment Thesis
INVESTOR PRESENTATION a Investment Thesis * Fully commercial and growing * Innovative products and services * Strong intellectual property portfolio * Large and diverse addressable markets: » Offshore O&G > Defense & Security » Science & Research » Telecommunications * Experienced and disciplined ma
Slide 7: 2018 Highlights
NVESTOR PRESENTATION a 2018 Highlights hy Leese * Robust opportunity pipeline — $ millions proposals issued * Oil & gas customer PowerBuoy™ delivery * Multiple PowerBuoy™ builds to address demand ‘Added key senior leadership — business development and engineering cae A 4 New product developments and
Slide 8: Our Technology
Our Technology
Slide 9: How Our Technology Works
OCEAN POWER TECHNOLOGIES _ he er - How Our Technology Works PowerBuoy™ => 30Ft. below Spar prime, waterline Back-Up, and Temporary Electric Power Heave Plate stent Power and Communications * Floating system... standard anchorage down to 3,000 meters * Submerged heave plate & spar... remain motionles
Slide 10: PowerBuoy Market Value Proposition
PowerBuoy™ Market Value Proposition Cost Savings and Operational Flexibility OQ) Savings by eliminating vessels... “unmanned station” provides persistent power and communications 1 Increased safety... by allowing remote operations from shore QO Faster operational decision-making... from real-time su
Slide 11: Customer Projects
can Mechoars Customer Projects 1% year lease 1% year extend option Purchase option Early Nov. '18* deploy in Adriatic Sea 9 month lease w/ext. option Purchase option = December ‘18* ship Early 2019* deploy in Central North Sea * Estimated Dates Chile feasibility study Nov.-Dec. ’18* evaluation Poten
Slide 12: Strategic Position
Strategic Position x v » aS
Slide 13: The Blue Economy — Our Total Addressable Market
The Blue Economy — Our Total Addressable Market nications ular
Slide 14: Offshore Oil & Gas
Offshore Oil & Gas Applications - Key drivers it zs b Improved site safety : Q and security Eine . : oe on electrification * Equipment 5 7 a monitoring and and digitization control >10,000 sites + Communications require power Subsea battery charging Deep/ultra-deep waters means farther offshore * Su
Slide 15: Offshore Oil & Gas - Example
| _ Offshore Oil & Gas - Example Example: Oil Field Decommissioning Market Segment OPT OGEAN POWER TECHNOLOGIES Offshore oil & gas production facilities to be decommissioned between 2018 to 2025*
Slide 16: Defense & Security Applications
| Applications + Early warning systems and remote surveillance * Remote networks and communications + Subsea charging stations for AUV + Remote radar and sonar stations + Electro-optical and infrared sensors OPT OCEAN POWER TECHNOLOGIES Defense & Security Key drivers ° Surface threat detection Renew
Slide 17: Defense & Security - Strategy
Defense & Security - Strategy Defense ‘OPT’s PBS PowerBuoy™ ‘OPT’s Anchorless PowerSuay™ (Under Development) (Fully Commercial) Leverage Rapid Existing DOD Funding iE Contracts Organizations OPT OCEAN POWER TECHNOLOGIES
Slide 18: Science & Research Applications
Applications Climate change Weather forecasting Ocean currents, waves, chemistry, and seismometry Fish and mammal migration Environmental and biological monitoring OCEAN POWER TECHNOLOGIES Science & Research Key drivers * Life-cycle cost * Power availability and persistence ° Real-time environmental
Slide 19: Communications Applications
Communications Applications Key drivers * Military/civilian remote Wi-Fi and cellular comms * Disaster recovery * Increasing big-data * Range extension and requirements data relay stations * 4G offshore base stations » Deep water operations * Quick-deploy search ebreca + Bandwidth * Migrant offshore
Slide 20: Our Strategy
Our Strateg =|
Slide 21: Commercialization Strategy
“Skate to where the puck's going to be, not where it's been.” — Wayne Gretzsky OPT OCEAN POWER TECHNOLOGIES Commercialization Strategy = First Mover Strong Value * Building Demand For Scaling: = Subsea Power = Surveillance & Monitoring " Offshore Connectivity “Targeted Focused Markets Applications =
Slide 22: Transaction Economics
Transaction Economics ON ANTENNA, _/-MDEO CAMERA ANTENNAS ELLULAR TEU Base PowerBuoy™ + Value-Added Engineering + Support Services + Sale or Lease + Packaged Options + Marine Services OPT + Customization + Remote Monitoring ey eee + Integration Services + Extended Service Agreements
Slide 23: Products and Services
Products and Services New Product Considerations Fully Commercial Today Under Development =] " * Short Deployments + High Energy Storage + Fast Deploy & Retrieve + Quick Deploy System + Low Maintenance PB3 *Anchorless a Sale + Modular / Scalable PowerBuoy’ Services PowerBuoy™ Be ; i * Complimentar +
Slide 24: Management Team — Experienced and Disciplined
INVESTOR PRESENTATION NOVEMBER | 2018 Management Team — Experienced and Disciplined Executive Title Selected Experience ra George H. Kirby Chief Executive Officer SAIC. da Isc tyco Matthew T. Shafer ChiefEnancelOnicer Joe oe ay al VALEANT Ge Energy Christopher A. Phebus VP. of Engineering GE 0xe Pra
Slide 25: Our Financials
Our Financials
Slide 26: Financial Profile
INVESTOR PRESENTATION NOVEMBER | 2018 Financial Profile Selected Financial Information Balance Sheet (unaudited) 7/31/18 Total shares outstanding \*) 18,368,286 Cash, equivalents, restricted cash $8,362 % owned by directors & officers |”) >1.7% Total current assets 8,923 Warrants outstanding 324,452
Slide 27: Investment Thesis
INVESTOR PRESENTATION NOVEMBER | 2018 can Mechoars Investment Thesis * Fully commercial and growing * Innovative products and services * Strong intellectual property portfolio * Large and diverse addressable markets: » Offshore Oil & Gas > Defense & Security » Science & Research » Telecommunications
Slide 28: Contacts
Contacts Matthew Shafer Porter, LeVay & Rose Chief Financial Officer & Treasurer Michael Porter, President ipowertec! ocean @plrinvest.com (609) 730-0400 ext. 224 (212) 564-4700
Slide 29: PowerBuoy - Tapping into the Power of the Ocean
eS POWERBUOY™ TAPPING INTO THE POWER OF THE OCEAN < www.oceanpowertechnologies.com
Slide 30: Sources and References
Sources and References
Slide 31: Market Supporting Information and Sources
NOVEMBER | 2018 Market Supporting Information and Sources Total Addressable Market The National Oceanographic and Atmospheric Administration (“NOAA”) 2016 Ocean Enterprise Report Oil & Gas Source: U.S. Bureau of Safety and Environmental Enforcement Greater than 10,000 sites are currently in operatio
Slide 32: Decommissioning Sources
_ Decommissioning Sources Footnote: Decommissioning Opportunies in Sais ind ae Horn i eget ore Deconmisoning gerne San ‘Gksné Ges toricon + Deloitte: Decommissioning has potential to be Austraia's nex oil and gas boom hin? deoite com/au/en/nacesimeci= ‘leases /attces/australia-nevt-o-and-gaz-boom-16
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